Task #3 ( Transfer of Receivables without Recourse and with Recourse) Strassner Corporation factors $262,500 of accounts receivable with Sultanali Financing, Inc. on a with recourse basis. Sultanali Financing will collect the receivables. The receivables records are transferred to Sultanali Financing on August 15, 2019. Sultanali Financing assesses a finance charge of 3 % of the amount of accounts receivable and also reserves an amount equal to 5% of accounts receivable to cover probable adjustments. Instructions A. Prepare the journal entry on August 15, 2019, for both Strassner and Sultanali to record the sale of receivables without recourse. B. Prepare the journal entry on August 15, 2019, for both Strassner and Sultanali to record the sale of receivables with recourse, assuming the recourse obligation has a fair value of $3,000. Without recourse aurna Entry -fediate Accounting 20